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131 Apartments for rent in Meridian, ID

Listed as one of the top 100 cities in the U.S. by CNN, it's no surprise businesses are floc...Listed as one of the top 100 cities in the U.S. by CNN, it's no surprise businesses are flocking to Meridian. Read Guide >

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Listed as one of the top 100 cities in the U.S. by CNN, it's no surprise businesses are flocking to Meridian.

Those who call Meridian home have nothing but good things to say about the city. Meridian is the third-largest city in the state of Idaho and one of the fastest-growing cities in the United States, with a thriving mixture of young and old. Its had over an 85% increase in population in the last decade (and a 95% increase in happiness), and considering the quality of life it isn't hard to see why

Cost Concerns
No matter where you're coming from, the costs for rental properties in Meridian are far less than the most expensive in the country. Despite the high profile of the city as one of the best places to live in the US, rental prices are still very affordable and within the range of the average renter. As such, you can expect to get the most bang for your buck with the options you will find here. If you are in the market for rental apartments in this city, just make sure you have cash ready--you can count on having plenty of competition for those affordable apartments.

Preparations
There isn't anything out of the ordinary involved in renting an apartment in Meridian. At most, you'll need to fork over first month's rent and a security deposit, preferably in the form of a bank check or cashier’s check. Most landlords require a mandatory background and credit check before they'll lease their apartments to prospective tenants. Luckily, with the low prices in Meridian, you won't have to rob a bank just to pay rent, so it should be easy to keep your record clean.

Establishing Your Dream
Before starting your search, make sure you have an idea of your dream home already. You don't want to settle on the first one that has a bathroom, after all. Meridian has a lot to offer, so it's important to decide what's important to you.

Due to a recent explosive growth fueled by the economic boom in Meridian, most of the major changes and growth in residential properties occurred within the last 20 years. As such, most of the rental properties are either brand spanking new or relatively new. In other words, you won't have to buy new countertops the second you get there. This is a preview of what to expect in the different Meridian neighborhoods.

Lochsa Falls/Kelly Creek: Kelly Creek is situated adjacent to Lochsa Falls, and both subdivisions have large parks, as well as walking or bike paths. $$$

Chateau Meadows: This is a serene part of Meridian, with a laid-back atmosphere and tranquil surroundings. As an added advantage, the rental property prices in this area are quite affordable.

Bear Creek: If you are looking for a more upscale neighborhood in Meridian, look no further that Bear Creek. Despite the ferocious name, the luxury is aimed at humans, not wild animals. You should expect to pay more for property in this area, though, as a consequence.

Cherry Lane Village: The prices for properties in this part of Meridian vary just as widely as the property types, ranging from lower scale to more expensive listings.

Originally a small farming settlement, Meridian has grown tremendously, especially in the last two decades. Located in the Boise Valley, it is a family-friendly place, with 18 public parks and reasonable job opportunities.

No matter what your preferences are for the perfect apartment, Meridian offers a fusion of old-school and new-school for that ultimate old-town feel with modern living.

March 2018 Meridian Rent Report

Welcome to the March 2018 Meridian Rent Report. Meridian rents increased over the past month. In this report, we'll evaluate trends in the Meridian rental market, including comparisons to similar cities nationwide.

Meridian rents increased significantly over the past month

Meridian rents have increased 0.5% over the past month, and have increased significantly by 5.9% in comparison to the same time last year. Currently, median rents in Meridian stand at $860 for a one-bedroom apartment and $1,110 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in November of last year. Meridian's year-over-year rent growth leads the state average of 4.2%, as well as the national average of 2.3%.

Meridian rents more affordable than many large cities nationwide

As rents have increased significantly in Meridian, a few large cities nationwide have seen rents grow more modestly. Meridian is still more affordable than most large cities across the country.

Meridian's median two-bedroom rent of $1,110 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 5.9% increase in Meridian.

While Meridian's rents rose significantly over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), Atlanta (+2.3%), and Seattle (+2.1%).

Renters will find more reasonable prices in Meridian than most large cities. For example, San Francisco has a median 2BR rent of $3,040, which is more than two-and-a-half times the price in Meridian.

For more information check out our
national report.
You can also access our full data for cities and counties across the U.S. at
this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.